Garg Group Sets Sept 18 Consent Deadline, Releases Investor Presentation in Board Fight
BETR sits 15% above its 52-week low of $11.111.
Summary
Garg Group files new consent materials with an updated September 18 deadline and an investor presentation arguing the board's leadership has destroyed shareholder value.
Key Events · Corporate Governance and Compliance · BETR
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Updated Consent Deadline Set
Garg Group sets September 18, 2026 as the target date for written consents to remove five directors, with voting technically open until October 26, 2026.
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Investor Presentation Filed
New presentation contrasts Better's performance under Garg (funded loan volume up 2.5x, revenue up 15%, adjusted EBITDA up 26% by August 3, 2026) with the share price decline from $27.50 to as low as $12.50 under new leadership.
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Board Removal Targets Named
Garg Group seeks to remove Daniel Lewis, Harit Talwar, Arnaud Massenet, Bhaskar Menon, and Prabhu Narasimhan from the board.
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Social Media Campaign Launched
Garg posted videos from September 12-14 urging shareholders to return the GREEN consent card, emphasizing the stock price decline and his vision for Better as an AI-driven mortgage platform.
Analysis · BETR · Finance
Vishal Garg's group has escalated its proxy contest with a new investor presentation and an updated September 18 target date for written consents. The presentation contrasts Better's performance under Garg — funded loan volume up 2.5x, revenue up 15%, adjusted EBITDA up 26% — with the share price decline from $27.50 to as low as $12.50 since the board ousted him in August. This is the latest salvo in a bitter fight for control of the company, and the September 18 deadline creates a near-term catalyst for resolution.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BETR was trading at $12.80 on NASDAQ in the Finance sector, with a market capitalization of approximately $242.7M. The 52-week trading range was $11.11 to $94.06. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.